What should you list under the "minimum salary requirement" on a job application?
If you know full well that the market rate for a specific job is $70k a year but the minimum you would accept personally is $50k. Should you list $50k+ on the "minimum salary requirement" section? If you do this and get called in for an interview, will the hiring person offer you the $50k salary knowing full well it is a lowball offer for the job? If you put $35k, will the hiring person offer you $35k?(and etc.)
What would you list on the "minimum salary requirement" for the specific job above that has an average salary of $70k a year and why?
I would put zero, my logic being that if you put a number down then they already have a bargaining point for where you will accept. Why would they offer you 70, if you just said you would take 50? Putting zero means you can go into the discussion and use your data points to say "while the market average for someone in this position is X, I believe I am worth Y (insert number greater than X here)."
Whatever I am making now if I am that into the new position. Otherwise, now+10%. What I have trouble with is the max salary.
...? I have literally never seen an application where they ask what 'max' salary you'd accept. How does that even make sense?
Exactly! I saw it when I was first applying out of school.
I think this is a terribly unethical question. It would be strange for me to observe how people in the same position receive different salaries.
$3.50
You've been posting a lot of questions on the forums..
Deloitte's Application Salary Question (Originally Posted: 02/25/2013)
Has anyone filled out Deloitte's application section where it requires you to put in a salary figure? They system does not allow you to put in 0.00.
I wonder if they use these figures to provide an offer. If so, did it reach your salary requirement?
If you were planning to put 0.00 and it doesnt let you do that, wouldnt it be a good idea to try to put 1.00?
If you're applying for a grad scheme it makes absolutely no difference. You will get the standard salary.
I just put in a generic value for the application. Don't remember exactly. Anyway, the offer they gave was what I am guessing is the standard summer associate salary and does not seem anyway correlated to the salary value I gave. Hope this helps.
What to do - Salary requirements (Originally Posted: 07/18/2012)
So what do you do when a job e-mails you "salary requirements" after submitting a resume. Clearly they liked what they saw and I know you should never low ball yourself but at the same time, I don't want to scare the HR or recruiter for the position off when I know I am willing to negotiate down.
BTW this is for entry level Financial Analyst positions at smaller no financial firms.
Any thoughts, Thanks
"Comparable with similar positions".
It is best to answer the salary requirements as truthfully as possible. Indicate the amount of salary that you are expecting to receive. In that way, you might even be able to negotiate with the salary that you wish for.
Yeah that makes a lot of sense. Thats the way I went about it. Said I would like to recieve "XXX" but willing to negotiate...
Hey it seemed to work I got asked to go interview.
Thanks
I'd say it all depends on your personal needs. If you are desperate, get on the lower side. If you don't care for the job or have more options, put a higher one. Otherwise if neutral, estimate the market price.
What to do - Salary requirements (Originally Posted: 07/18/2012)
So what do you do when a job e-mails you "salary requirements" after submitting a resume. Clearly they liked what they saw and I know you should never low ball yourself but at the same time, I don't want to scare the HR or recruiter for the position off when I know I am willing to negotiate down.
BTW this is for entry level Financial Analyst positions at smaller no financial firms.
Any thoughts, Thanks
Always put down 000000 or variation thereof on initial application (or even better try to write down negotiable). In the comment section put down, "salary is negotiable". This is first round of interview and they want to knock you out by any means. Whoever gives the first number always loses in negotiations. Do your research and ideally discuss this question upon receipt of an actual job offer.
Put the salary at your most recent job. The reason for this is that they are trying to gauge whether or not they can afford you. If you put something super high they most likely won't even interview you knowing that they cannot afford to pay you what you think you are worth. Even if your most recent salary is below what the average pay is for the new position, deal with that later when they make you an offer. Filling out this questions should have nothing to do with negotiation. If you prove your value you will get paid what you are worth regardless of what you got paid in the past.
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